SAF Tehnika JSC net sales for the financial year 2009/2010 were LVL 10.23
million (EUR 14.55 million) representing a 16% increase compared with the
previous financial year's net sales.
Aggregate export sales for the reporting period were LVL 10.03 million (EUR
14.27 million) comprising 98.08% from total net sales.
The net profit of the Company for the financial year 2009/2010 was LVL 1.487
million (EUR 2.116 million). This is an excellent result taking into account
that the previous financial year was closed with LVL 1.117 million (EUR 1.589
million) loss. The result proves that the Company's strategy towards
development of a new CF IP product line, expansion of direct sales, investments
into product marketing, cost savings into production and operations was right
and has provided SAF Tehnika a more stable position with positive perspectives.
The invaluable work and loyalty of the Company's employees also has to be
mentioned as a key to success.
SAF Tehnika continues to pursue its established course, taking into account its
stable financial position, control over the production process and CFIP product
development.
The Board is proposing to retain 54% of current year's profits in order to
preserve the Company's financial stability and to pay out remaining 46% in
dividends.
Aira Loite
CFO
+371 67 046 833
Aira.Loite@saftehnika.com
